Carlyle acquires Portugal-based packaging company Logoplaste

The Carlyle Group (Nasdaq: CG) today announced that it has reached a partnership agreement with the family-owned business Logoplaste Group (Logoplaste) to support the continued growth of the Company. The agreement will reinforce the financial strength of Logoplaste and increase its investment capacity.

Capital for this investment will come from Carlyle Europe Partners IV (CEP IV), a European upper-mid-market buyout fund. The transaction is expected to close in the third quarter of 2016, subject to customary closing requirements and regulatory approvals.

Logoplaste is a global designer and manufacturer of value-added rigid plastic packaging solutions to a wide range of blue-chip clients, with its origin and roots in Portugal. Celebrating its 40th anniversary this year, the company reported sales in 2015 of €468 million and employs 2,000 people in 16 countries across 4 continents.

Filipe de Botton, Co-CEO of Logoplaste said: “We are delighted to partner with The Carlyle Group to support Logoplaste’s global growth plans. The combination of Carlyle’s global presence, experience in our markets and financial strength will help us to take advantage of the exciting opportunities available to us. We are proud of our strong reputation and entrepreneurial culture, of our 2,000 colleagues who have helped to build the company, and of our commitment to serving our global partners. We look forward, with the support of our new partner, Carlyle, to further building on these foundations.”

Alexandre Relvas, Co-CEO of Logoplaste commented: “Logoplaste’s management team has been impressed with Carlyle’s partnership approach. As the company celebrates its 40th anniversary, Logoplaste looks forward to a brighter future which will bring exciting opportunities to our colleagues and partners. “

Alex Wagenberg, Managing Director, The Carlyle Group said: “Logoplaste is globally renowned for innovation and customer service due to the commitment of its global team of talented managers and employees. The company holds a strong position in a growing sector, and is also well positioned for future expansion due to its innovative R&D capabilities, efficient operating model, and partnership with longstanding blue chip customers. We look forward to working with Filipe, Alexandre and all the management team to further develop the company, using the expertise Carlyle has in helping to grow international businesses, along with our strong experience in opening new global markets for leading European-based packaging companies.”

Credit Suisse and PLMJ advised Logoplaste and its shareholders. Barclays and Linklaters served as advisors to The Carlyle Group for the transaction.